Pelosi also said it's "irrelevant" whether approving the USMCA trade deal would give President Donald Trump a victory ahead of the 2020 election.Politicsread more
Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
"That leads the developed world to say to China: 'We've got to rebalance this. It's working for you. It's not working for us,'" says the billionaire Blackstone co-founder.Economyread more
Viacom chief executive officer Bob Bakish is not worried about competition in the streaming space, on the heels of its merger with CBS.The Faber Reportread more
Consumers could pay an average 15 to 20 cents more per gallon for unleaded gas by the end of the month following the attack on Saudi oil installations.Market Insiderread more
Bob Bakish, the head of a newly combined CBS and Viacom, said he was "disappointed" by both stocks' reaction to the recent deal.The Faber Reportread more
Elliott Management may not see John Stankey as a future leader at AT&T, but bailing on him before he executes his integration plan has the potential for disaster.Technologyread more
The White House directed Lewandowski not to discuss any of his post-election interactions with Trump beyond those already detailed in former special counsel Robert Mueller's...Politicsread more
Tension between the real estate start-up WeWork and SoftBank was not a central issue in the decision to delay an initial public offering, sources tell CNBC's David FaberThe Faber Reportread more
For months, Wall Street has been operating on the assumption that Hillary Clinton would be the next president.
With Friday's revelation that the FBI's investigation into her handling of emails while she led the State Department has new life, the election assumption is challenged — and the ramifications could be substantial.
"The bigger story is that she might enter office with an enormous cloud over her head," said Greg Valliere, chief global strategist at Horizon Investments and a widely recognized expert on the Wall Street/Washington nexus. "That's not a good story for markets, for the country. This could drag on for months and months."
Indeed, Clinton, whom polls also have indicated to be a strong favorite to win the Nov. 8 election, now faces a dual challenge: staving off Donald Trump down the home stretch, and preparing to face a daunting investigation immediately upon taking office should she win.
Markets recoiled at the news Friday, with stocks briefly selling off and several currency pair trades moving sharply. The Mexican peso plunged against the U.S. dollar, and the Canadian dollar also moved lower against the greenback.
What happens from here could well depend on Trump, Valliere said.
"Trump's been given all of these gifts — the Obamacare premiums (spike), the WikiLeaks story, and now this," he said. "Is he adroit enough to exploit these gifts that he's been given?"